What are the responsibilities and job description for the Quantitative Research - Credit - Vice President position at JPMorgan Chase?
The Credit QR team is responsible for developing and maintaining models for valuation, risk, and P&L calculations, as well as creating quoting and market-making algorithms and analytical tools. Our responsibilities encompass the entire model lifecycle, from new model specification and approval to ensuring compliance with internal policies and industry regulations, implementing models in our library, and integrating them into risk and P&L systems. Our traders, salespeople, and research analysts collaborate to generate innovative ideas and maintain our competitive edge in the market. The Credit business facilitates secondary markets in high-grade bonds/CDS, high-yield bonds/CDS, distressed bonds, indices, options, correlation products, and other exotic structures.
Job Summary:
As a Vice President for the Credit Quantitative Research team at J.P. Morgan, you will enhance our real-time risk management capabilities for trading stakeholders. This role is pivotal in advancing our current systems to monitor market dynamics and their impact on our positions across the Credit Trading desk. J.P. Morgan Global Credit Trading delivers premier, integrated financial services to a global clientele, offering financial assets and liquidity solutions for banks, insurance companies, finance companies, mutual funds, and hedge funds. This opportunity is based in our New York team, focusing on enhancing the current real-time risk management solution while designing a new, future-proof strategic infrastructure. You will have frequent interaction with our primary stakeholder and traders, ensuring the solution meets their needs and responds swiftly to market volatility.
Job Responsibilities:
- Address the current infrastructure's shortcomings by gathering user feedback and ensuring consistent and accurate risk and P&L views.
- Identify and implement effective methods to project P&L into the major risk factors that originate it.
- Collaborate with our Technology partners to ensure accurate data exposure in the User Interface (UI).
- Contribute to designing the new strategic infrastructure to replace the current system.
- Partner with our Credit Data Tech team to ensure all exposed data is recorded and auditable.
- Document the data product and streams, detailing model and implementation choices for defining various P&L and risk factors.
- Coordinate with the QR team to align activities and agree on optimal implementation choices, working with sub-teams in Credit QR: Credit Cash, Credit Macro, Credit Exotic, and Loan, CLO, and Financing teams.
- Provide support to our stakeholders about the intraday Risk and PnL, answering questions from our stakeholders.
Required Qualifications, Capabilities, and Skills:
- Knowledge of the credit and fixed income business with a structured approach to problem-solving.
- Strong software design and data science skills, with experience in Python preferred.
- Interest in good software design principles.
- Team player with excellent oral and written communication skills for interaction with trading, technology, and peer QR teams.
- Attention to detail and a focus on quality deliverables.
- Advanced degree in math, statistics, physics, financial engineering, or computer science.
- Experience supporting a credit market-making desk with P&L or risk production responsibilities.
- Exceptional analytical, quantitative, and problem-solving skills.
- Proactive attitude with a natural interest in learning about our business, models, and infrastructure.
- Ability to work effectively in a high-pressure environment.
